Investments and Instructions. I understand and agree that I can hold only investments approved by Xxxxxx Xxxxx as “hold eligible”. Xxxxxx Xxxxx, at its discretion, can modify eligible investments at any time. If Xxxxxx Xxxxx notifies me that an investment may no longer be held in my Account, I agree to remove the investment from my Account within the time frame determined by Xxxxxx Xxxxx. I agree that if I do not provide instructions to remove the investment, Xxxxxx Xxxxx has the right to liquidate or distribute that investment to me and/or terminate my Account in accordance with the terms of this Supplement. I understand that distribution of such an investment may result in adverse tax consequences. Redemption fees or sales charges may be assessed upon the liquidation or redemption of securities. I understand that these fees and expenses may negatively affect my investment performance. I am responsible for all trading and investment decisions in my Account. Unless otherwise provided for under this Supplement, Xxxxxx Xxxxx does not have authority for any trading or investment decisions in my Account. I understand that Xxxxxx Xxxxx will not monitor my Account, but may provide me nondiscretionary broker–dealer services as described in my Services Agreement and this Supplement. When selling or exchanging securities, I authorize Xxxxxx Xxxxx to act either as agent on my behalf, or as principal for its own account, except as prohibited by law or regulation.
Investments and Instructions. Investments must be registered and held in the account in the form and manner required by Xxxxxx Xxxxx. Unless I have entered into an Xxxxxx Xxxxx investment advisory agreement that states otherwise, Xxxxxx Xxxxx will not act as an investment adviser to me, shall have no obligation or discretion to direct the investment of my Account and is merely authorized to hold the particular investments specified by me. Xxxxxx Xxxxx shall not question any such directions. I understand and agree that I can: 1) hold investments approved by Xxxxxx Xxxxx as hold-eligible, and 2) purchase investments approved by Xxxxxx Xxxxx as purchase-eligible. Xxxxxx Xxxxx, at its discretion, can modify eligible investments at any time. If Xxxxxx Xxxxx notifies me that an investment may no longer be held in my Account, I agree to remove the investment from my Account within the time frame determined by Xxxxxx Xxxxx. I agree that if I do not provide instructions to remove the investment, Xxxxxx Xxxxx has the right to liquidate or distribute that investment to me and/or terminate my Account in accordance with the terms of this Agreement. I understand that distribution of such an investment may result in adverse tax consequences. Certain additional services are authorized by this Agreement and may be activated upon request, including, but not limited to, electronic transfers and electronic delivery of statements and/or other information (“Additional Services”). The availability of these Additional Services is subject to approval and may vary by account type or investment. Additional Services may be subject to separate terms and conditions and the applicable Schedule of Fees in effect from time to time, which are available at xxx.xxxxxxxxxxx.xxx/xxxxxxxxxxx. Xxxxxx Xxxxx offers a sweep program that provides clients, depending on their account type, with the option to automatically transfer uninvested cash in their account (“Free Credit Balances”) to either a money market mutual fund or a bank whose deposits are insured by the Federal Deposit Insurance Corporation (“Sweep Program”). The products offered in the Sweep Program are the Xxxxxx Xxxxx Money Market Fund (“Fund”) and the Xxxxxx Xxxxx Insured Bank Deposit Program (“Bank Program”). By choosing one of these as my sweep product, I consent to have Free Credit Balances in my Account included in the Sweep Program. Clients should review the terms, interest rates, and other features and tradeoffs of the Sweep Program with their financial adv...
